The demand of BTC still seems awake. Today it is pushing the price straight into the liquidity area above the high of two days ago.
We are at the moment of the test, because the behavior in this area will be decisive for the outcome of the movement.
7400 is the main obstacle to be overcome for the moment, and moreover, the weight of two notable resistances weighs on it: 7600 and 8000.
If the Bears still want to be heard, I think we will notice it: they will have the defense of their SHORT on those levels at heart.
On the contrary, if they are absorbed, we finally have a beginning of change of bias also in the medium term, from Bearish to Bullish.
The first symptom would be the High High confirmed above 7.4 (I would like to see 2-3 D candles close above and, ideally, also the question rising on the retest from above). For me it would be enough to want to close the coverage SHORT and remain full SPOT.
The recovery of 7.6 and 8k would also start to make me open my eyes even on any LONG setup.
We update to close the daily. I remind you that a closure tomorrow above some key levels would also become eloquent on weekly TF.
Beerish scenario, on the other hand: refusal to track a higher high and demand absorbed by the offer (failure swing on 7.4, engulfing bearish, loss 6.9 in order of relevance from minor to major).
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